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Last $10.57 USD
Change Today +0.05 / 0.48%
Volume 11.1M
RF On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 6:40 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

regions financial corp (RF) Snapshot

Open
$10.51
Previous Close
$10.52
Day High
$10.60
Day Low
$10.46
52 Week High
07/23/15 - $10.87
52 Week Low
01/20/15 - $8.59
Market Cap
14.2B
Average Volume 10 Days
22.5M
EPS TTM
$0.78
Shares Outstanding
1.3B
EX-Date
09/9/15
P/E TM
13.5x
Dividend
$0.24
Dividend Yield
1.99%
Current Stock Chart for REGIONS FINANCIAL CORP (RF)

regions financial corp (RF) Related Businessweek News

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regions financial corp (RF) Details

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services. This segment serves corporate, middle market, small business, and commercial real estate developers and investors. The company’s Consumer Bank segment provides consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards, and other consumer loans, as well as the corresponding deposit relationships. Its Wealth Management segment offers wealth management products and services comprise credit related products, trust and investment management, asset management, retirement and savings solutions, estate planning, and commercial insurance products to individuals, businesses, governmental institutions, and non-profit entities. The company also provides insurance coverage for various lines of personal and commercial insurance, such as property, casualty, life, health, and accident insurance; insurance products, including title, mortgage, crop, term life, accidental death and dismemberment, and environmental insurance, as well as debt cancellation products; and commercial equipment financing products, as well as offers securities, insurance, and advisory services through financial consultants. As of December 31, 2014, it operated approximately 1,997 ATMs and 1,666 banking offices in Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas, and Virginia. Regions Financial Corporation was founded in 1971 and is headquartered in Birmingham, Alabama.

23,155 Employees
Last Reported Date: 07/21/15
Founded in 1971

regions financial corp (RF) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $993.8K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $627.3K
Head of the Regional Banking Group, Senior Ex...
Total Annual Compensation: $641.5K
Senior Executive Vice President, General Coun...
Total Annual Compensation: $555.0K
Chief Risk Officer, Senior Executive Vice Pre...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2014.

regions financial corp (RF) Key Developments

Kessler Topaz Meltzer & Check, LLP Announce Settlement with Regions Financial Corp., Regions Bank, and Regions Insurance Inc. about Lender-Placed Flood Insurance Policies

Kessler Topaz Meltzer & Check, LLP announced settlement with Regions Bank about lender-placed flood insurance policies. A proposed settlement of a putative class action against Regions Financial Corp., Regions Bank, and Regions Insurance Inc. has been reached in the United States District Court for the Eastern District of Arkansas, in the action Mahan v. Regions Financial Corp., No. 4:14-cv-321-JM. Plaintiff Gary Mahan alleges, among other things, that when a borrower was required to have flood insurance pursuant to a residential mortgage or home equity loan or line of credit, and the borrower failed to provide evidence of acceptable coverage, Defendants would obtain Lender-placed flood insurance policies in a manner that enabled Regions to receive unauthorized benefits from the lender-placed flood insurer, whose affiliates issued the LPFI Policies. Plaintiff also alleges that the way in which the LPFI Policies were obtained and placed caused the LPFI charges to be excessive. Defendants deny any wrongdoing and assert that their actions are fully authorized under the terms of the loans and by law. There has been no court decision on the merits and no finding that the Defendants committed any wrongdoing. As part of the Settlement, Defendants have agreed to provide settlement payments to Settlement Class members from the $612,500.00 Settlement Fund established under the terms of the Settlement. Each Settlement Class member will be entitled to a Settlement Payment in the amount of the percentage of his or her Individual Net Premium relative to the Total Net Premium charged to all Settlement Class members, as those terms are defined in the settlement. Settlement Class members do not need to submit a claim form in order to receive a Settlement Payment. Attorneys' fees and expenses for the lawyers representing the Settlement Class, a service award to the Plaintiff, and costs of administering the Settlement will also be paid out of the Settlement Fund. Defendants also have agreed to additional relief from which may benefit, including certain commitments regarding placement of LPFI Policies. The Court will hold a Final Approval Hearing on October 1, 2015 at 9:30 a.m., to consider whether to approve the Settlement, award attorneys' fees of up to $204,166.50 plus reasonable costs to counsel for the Settlement Class, and a service award of up to $5,000 to the Plaintiff for his service to the Settlement Class. Any attorneys' fees and expenses or service award approved by the Court will be paid from the Settlement Fund. The Final Approval Hearing may be moved to a different date or time.

Regions Financial Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015; Provides Net Charge-Offs for the Second Quarter Ended June 30, 2015

Regions Financial Corp. reported unaudited consolidated earnings results for the second quarter ended June 30, 2014. For the quarter, the company reported net interest income was $820 million against $822 million a year ago. Net income available to common shareholders were $269 million or $0.20 basic and diluted per share against $288 million or $0.21 basic and diluted per share a year ago. Total revenue was $1,410 million against $1,298 million a year ago. Income from continuing operations was $289 million against $285 million a year ago. Income from continuing operations available to common shareholders was $273 million or $0.20 per basic and diluted share against $287 million or $0.21 per diluted share a year ago. Income from continuing operations before income tax was $413 million compared to $443 million a year ago. On non-GAAP basis, pre-tax pre-provision income from continuing operations was $455 million compared to $465 million a year ago. Adjusted total revenue (non-GAAP) was $1,333 million against $1,307 million a year ago. Tangible common book value as at June 30, 2014 was $8.12 per share against $7.11 a year ago. Return on average assets from continuing operations as on June 30, 2015 was 0.90% against 0.98% as at June 30, 2014. Return on average tangible common stockholders' equity (non-GAAP) as on June 30, 2015 was 9.66% against 10.63% as at June 30, 2014. Common book value per share as on June 30, 2015 was $12.06 against $11.60 as at June 30, 2014 For the second quarter ended June 30, 2015, net charge-offs totaled $46 million, a decline of $8 million or 15%.

Regions Declares Quarterly Cash Dividend on Common Shares payable on October 1, 2015; Declares Quarterly Preferred Stock dividends Payable on September 15, 2015

The company declared a quarterly cash dividend of 6 cents per common share, payable October 1, 2015, to stockholders of record at the close of business on September 11, 2015. The company also declared a quarterly cash dividend of $15.9375 per share (equivalent to approximately $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be paid on September 15, 2015, to stockholders of record at the close of business on September 1, 2015; a quarterly cash dividend of $15.9375 per share (equivalent to approximately $0.398438 per depositary share) on the 6.375% Non-Cumulative Perpetual Preferred Stock, Series B. The dividend will be paid on September 15, 2015, to stockholders of record at the close of business on September 1, 2015.

 

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Industry Analysis

RF

Industry Average

Valuation RF Industry Range
Price/Earnings 14.4x
Price/Sales 2.8x
Price/Book 0.9x
Price/Cash Flow 13.3x
TEV/Sales 0.8x
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